Both factors play a part, but economists are divided on their relative importance.
BBC's relative importance would have declined and they would no longer have been the biggest cheeses in British broadcasting.
Context is a function of the business environment, organizational history and recent business performance, informing the relative importance and urgency of change.
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As students at Stanford, Thiel and Hoffman had argued about the relative importance of individuals and society in the creation of property.
Other aspects of climate change and land subsidence significantly exacerbate this effect though the relative importance of these factors varies from location.
An interesting example of the relative importance of markets and governance perhaps.
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For the government, judging the relative importance of sterling, domestic demand, and how close the economy is to capacity, will be unusually tricky.
The relative importance of the U.S. as a global actor will decrease, as its economy and that of its western allies will decline.
To illustrate the former point, I might think that watching television carries a low level of relative importance in my life, but I do it anyway.
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Sitting on the client side of the table allows for true understanding of the relative importance of things and the real reasons that agencies get eliminated.
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They argued only about the relative importance of different rights, and about the weight that should be given to individual rights and the conflicting doctrine of national sovereignty.
"We now need to know more about how early life conditions can influence the pattern of telomere loss and the relative importance of inherited and environmental factors, " she said.
In fact, if you choose, you can sum up the issues involved in this negotiation in terms of differing views on the relative importance of the past and the future.
Today as the US faces Russian hostility, Iranian expansionism and Saudi-financed Sunni jihadists, it remains afflicted by the Cold War dilemma of the relative importance of its alliances with Israel and Saudi Arabia.
Not surprisingly, in a poll stretching back eight months, it turns out that the level of voter interest closely paralleled the relative importance of a state's primary or caucuses in the nominating process.
For many of them it has relative importance.
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We might assume a rise in one and a fall in the other: although that does of course depend upon what people think about the relative importance of smartphone operating systems to the two companies.
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Mr. WU(ph) SHINBUO(ph) (Professor, Fudan University, Shanghai): The relative importance of this relationship has declined in the last several years, and secondly, I think the U.S. influence over China has declined in the past several years.
Then if, and I it is a big if, a judge and jury can be shown that the relative importance of the MGT patent to casino operations is proportionally much greater than that of Vringo patent to Google, maybe the royalty could be more significant.
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In this environment, regulation and supervision didn't quite wither away, but it's fair to say they lost support and lost potency, partly as a matter of ideology but partly because the banks that were the most heavily regulated lost relative importance in the market so there was overall less regulation.
But as the new flows speed ahead, so too do their relative share and importance.
Together, these regions help assign relative levels of importance or significance to objects.
When it comes to topics that are the most over-covered and over-hyped relative to their importance to the quality of life and the future of humanity, there are plenty of candidates to choose from: Oprah, the New England Patriots, windmills.
Relative prices have changed, and so has the importance of different sectors of the economy.
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